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Ohio lawmaker outlines plan for small-business tax credit to help employees buy individual coverage
Summary
State Rep. Meredith Craig described a proposal to create a nonrefundable tax credit for small businesses that offer an "ICRA," which she called "pretty much a health savings account" to help employees purchase individual insurance plans amid federal subsidy uncertainty.
State Rep. Meredith Craig said she is pushing a state-level proposal to help small employers offer individual health coverage options to employees.
Craig said the plan would create a nonrefundable tax credit for small businesses that offer what she called an "ICRA," adding, "it's pretty much a health savings account for their employee to go buy an individual plan instead of that business having to um buy a very expensive traditional insurance plan." She framed the proposal as a response to possible federal changes in enhanced subsidies and as a way to expand access to health care at the state level.
The measure is intended to lower employer costs and widen affordable options for workers, Craig said. She did not provide bill text or a bill number for this proposal in the interview and called on the Senate to act quickly on the House's priorities.
The proposal builds on Craig's professional experience at the Ohio Department of Insurance and reflects a legislative focus on health-care access for constituents. Details such as the credit amount, eligibility thresholds, and expected fiscal impact were not specified during the segment.
Craig said she plans to coordinate with Senate colleagues to move priority bills this year; she emphasized completing work now so measures do not have to restart next session.
